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Would you be willing to share two price action setups or the criteria for them and two fundamental analysis you use? I'm not interested in it from a trading perspective, more from introspection. Thanks

The setups used are based upon what? I appreciate your diligence in having done the statistical analysis, and am enjoying the dialogue!

What formed the basis in determining probability outcome?

Your psychology is #1 and the main part of the system. Why or how would you trade it effectively if you didn't believe it? Isn't any trade you make at anytime based upon what you believe a probable outcome to be? Edge isn't determined by entry it has multiple factors of which entering is only...

CommunistMonkey hit one nail perfectly. Proper position sizing is one key element. The other is knowing what your beliefs are about the markets. You trade what you believe, and need to know how to position size accordingly to preserve capital in order to continue to be able to stay the course...

The options in and of themselves are not the problem. What I say won't be popular. What's popular isn't right, and what's right isn't popular at times. The mistake in this instance as in numerous others is the indiscriminate use of leverage. There is a clear lack of ability, and or discipline...

Clean ascending triangle poised at resistance. I've a buy stop in place to purchase 100 December 2011 $480K NEKE call options should the account balance break $350K :D Nodoji, First I must say I've followed all these journals and not posted till now. I'll not be posting anything of...

Isnt this the equivalent of Guitar Hero, or Rock Star for wannabe rockers? No matter what your system results are in a simulated environment, they are not real results until they are utilized with actual cash. Then it becomes a whole other situation, that has numerous other variables that come...

Quote from day7793: [B]I think its flat. An 8% yield on world's greatest stock? WOW! Hate to put it in your face, I will make an 8% return in my trading account this month. I was just figuring it out. The value of businesses held by an entity such as Buffetts Berkshire can...

Quote from datamerc: [B]8/22/2007 +$540.20, 2 trades (2W) EURUSD: +55/102 C I miss the volatility already, especially in USDJPY. Hey, Looks like you spoke too soon. The USDJPY is having some volatility now. Major upside move in the last few hours. I see you've had quite a...

Quote from geringer: Tharp is not a trader. He approaches the subject as an outsider. Let's dispel this myth that has been repeated numerous times. Van has traded, and does still trade. His primary focus became the pshychological issues, and education that could help traders or those...

Quote from PersistentTradr: [B]Choppy morning. Didn't hit the pivot until the deadzone. I honestly thought the market was going down. Red heikin ashi bars printed, volume to the downside seemed high, and my DualMACD MAs were beginning to cross. But, price opened and managed to stay above...

Quote from nitro Yes, it is often best to just go to the source: http://www.bjmath.com/bjmath/kelly/kelly.pdf William Poundstone wrote a very nice book that is a must read for every trader...

Quote from Thunderdog: Glassinc/Kelly, You are far too decent a human being. There's simply no call for that kind of errant behavior here at ET. :) Mr. Tdog, Thank you for the kind words. I still have the rest of my life to improve, and will remain a work in progress. My apologies...

Quote from marketsurfer: Rumours pouring into the surf shack, therefore am returning to set record straight... closed initial short position in YM on run up. gave up more than 50% of profits but still great trade. i am back short here from 13145 with stops13167. expecting sell off...

Quote from mohsengh: Thank you both for your advice. What data feeds do you recommend? I will have to have one that has historical and realtime data for "ALL" symbols. Thanks. Esignal is one of the more well known data providers. Tradestation has data and allows you to use easy...

Hello, There will be those much more knowledgable than I. Two to start would be Esignal on the higher end imo, then Tradestation on the lower end. By high end or low end I mean cost wise. However, cost is relative to looking at it as a business expense. Emphasis here, TREAT your TRADING...

Quote from marketsurfer hey pekelo, no, there isnt a target. but i will look to close the position at 60--75% retrace here depending on market activity, etc. entered 13270 YM Smurfer, Hey Dave, Long time no chat :o). Looks like you are getting a little redemption here. Some...

Hello By, Very nice analysis, and commentary. I'm just curious what happened to the other chart?:confused: Have a Nice evening!:) Kelly